• Michael Busler: Solid 4th Quarter Leads to 2.1% GDP Growth for 2022
  
  GDP growth in the fourth quarter of 2022 was just reported to be 2.9%. That's down slightly from the 3.2% growth in the third quarter. Since growth was negative in the first two quarters of 2022, growth for the entire year was 2.1%.
• Sen. Mike Braun to Newsmax: Egg Crisis Spurred by COVID Economy
  
  The United States' recovering economy, which was hindered by government lockdowns, is the cause for the high price of eggs, Sen. Mike Braun, R-Ind., told Newsmax.
• Washington Post Cuts 20 Jobs a Week After Bezos' Visit
  
  The Washington Post is cutting 20 of its 1,000 journalists and leaving 30 open positions unfilled, the Post's executive editor Sally Buzbee told staff in a note Tuesday, according to Axios. The firings come one week after the publication's owner Jeff Bezos visited.
• Biden: I Won't Let 'Republicans Wreck Our Economy'
  
  President Joe Biden on Tuesday said he has "no intention of letting the Republicans wreck our economy" during his first meeting with the Democrat leaders of the new Congress. In the meeting, Biden said that while he supports the 30% national sales tax included in House...
• Max Baecker: The National Debt Danger Grows
  
  Thomas Jefferson thought of "public debt as the greatest dangers to be feared." If he's right, then we have a lot to fear. The United States' national debt just hit a new high of $31 trillion dollars, and is only going up.
• Moody's: High Rent Impacting 'Quality of Life'
  
  The number of renters who spend more than 30% of their income each month on rent has reached a record high, according to Moody's Analytics.
• Michael Busler: Public Debt - There's No Chance of a Default
  
  Last week the public debt reached $31.4 trillion. According to the law that is the maximum debt the federal government can incur.
• US Leading Indicators Fall for 10th Straight Month
  
  A gauge of future U.S. economic activity tumbled for a 10th straight month in December with a widespread weakening outlook for manufacturing, home building and both job and financial markets.
• Tech, Wall Street Lead Job Cuts
  
  Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn.
• Peter Morici: After the Recession, American Ingenuity Will Continue to Flourish
  
  The future is bright, and four years from now we will feel better no matter who is in the White House.
• Peter Reagan: Raging Inflation Is Still Robbing Americans - and the Price Tag Will Shock You
  
  Despite recent official reports of inflation easing, a great deal of damage has already been done to the average American family's budget. Thanks to a new report, now we know exactly how much poorer we are today than two years ago.
• Lauren Fix, The Car Coach: Wyoming Bans EV Sales by 2035 - What State Is Next?
  
  Well, this is very interesting - Wyoming has introduced state legislation to ban the sale of new electric vehicles by 2035 to 'ensure the stability' of its oil and gas industry.
• Peter Morici: Don't Fear the Invasion of the Robots
  
  Through the ages, pessimists have warned that new technologies spell doom. Naysayers warn robots will wipe out jobs and want to impose taxes to slow their progress.
• Michael Busler: Inflation, Recession & the Debt Ceiling. Oh my!
  
  As we enter 2023, there are at least three major problems that economic policymakers will have to deal with. We have high inflation, a likely recession, and a very serious problem with the debt ceiling.
• Economists Expect 'Elevated' Food Prices to Remain Despite Cooling Inflation
  
  Consumers experiencing increasing sticker shock each time they check out at the grocery store shouldn't expect to see their bills shrink anytime soon, even despite reports that inflation is cooling, economists say.
• Yellen Warns Congress of 'Irreparable Harm' as US Nears Debt Limit
  
  Treasury Secretary Janet Yellen notified Congress on Friday that the U.S. is projected to reach its debt limit on Thursday and will then resort to "extraordinary measures" to avoid default.I
• Fed Tightening Could Explode Nation's Debt
  
  The yawning pit of government debt threatens the long-term viability of the nation. Unfortunately, the solution rests with the same political establishment that has avoided making hard choices for decades.
• Michael Busler: Blame the US Chamber of Commerce for Woke Turn
  
  The root of the Republican Party’s inability to pass meaningful economic legislation doesn’t seem to be in the halls of Congress, but rather on the frontlines of powerful lobbyists such as the U.S. Chamber of Commerce.
• Peter Morici: A Governing Agenda for House Republicans to Unite the Country
  
  Republicans should offer a pragmatic agenda that increases opportunity and prosperity for every American.
• Gallup Poll: 80% Predict Economic Instability in '23
  
  A new Gallup poll reveals the vast majority of Americans are anticipating various levels of economic instability in 2023, under the leadership of President Joe Biden.
• Peter Morici: A Strong US Economy Is Necessary to Tackle Global Warming
  
  Climate change, pandemics, Putin's madness and China's ambitions threaten humanity with droughts and floods of biblical proportions, nonnavigable rivers and disappearing island nations, fractured global supply chains and shortages of vital resources like commercial...
• Ex-New York Fed Chief Dudley: Mild US Recession 'Pretty Likely'
  
  The United States will "pretty likely" endure an economic recession in the coming months, stemming from what the Federal Reserve has already done to tamper down inflation, New York Fed President William Dudley told Bloomberg.
• Electric Vehicle Uptick Sends Investment to the South
  
  The Great Lakes has been the epicenter of the auto industry, but investment into electric vehicle plants has homed in on the southern states of Tennessee, Kentucky, and Georgia.
• Global Economy Faces Tougher Year in 2023, IMF's Georgieva Warns
  
  For much of the global economy, 2023 is going to be a tough year as the main engines of global growth - the United States, Europe and China - all experience weakening activity, the head of the International Monetary Fund said on Sunday. The new year is going to be "tougher...
• Michael Busler: Inflation Reduction Act Will Stall Economic Growth in 2023
  
  On January 1st, the provisions of the Inflation Reduction Act (IRA) will take effect. President Biden said this act will reduce health care prices for Americans and vastly increase spending to fight climate change.

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